Polianta Ltd acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,100 shares of the manufacturing equipment provider’s stock, valued at approximately $1,036,000.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Applied Materials by 3.4% in the first quarter. Vanguard Group Inc. now owns 73,362,409 shares of the manufacturing equipment provider’s stock worth $2,853,797,000 after buying an additional 2,441,471 shares during the period. BlackRock Inc. boosted its position in Applied Materials by 2,063.7% in the first quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock worth $2,606,676,000 after buying an additional 63,912,660 shares during the period. FMR LLC boosted its position in Applied Materials by 16.8% in the first quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock worth $1,245,311,000 after buying an additional 4,604,275 shares during the period. Ameriprise Financial Inc. boosted its position in Applied Materials by 32.9% in the first quarter. Ameriprise Financial Inc. now owns 12,887,690 shares of the manufacturing equipment provider’s stock worth $501,248,000 after buying an additional 3,191,737 shares during the period. Finally, Egerton Capital UK LLP acquired a new position in Applied Materials during the first quarter worth approximately $452,897,000. 79.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Applied Materials, Inc. (NASDAQ AMAT) traded up 2.74% during mid-day trading on Friday, hitting $44.30. The stock had a trading volume of 20,996,205 shares. The firm has a market cap of $47.45 billion, a PE ratio of 15.75 and a beta of 1.82. Applied Materials, Inc. has a 52-week low of $27.56 and a 52-week high of $47.86. The stock’s 50-day moving average price is $44.44 and its 200-day moving average price is $41.31.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 42.08%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, analysts anticipate that Applied Materials, Inc. will post $3.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.90%. Applied Materials’s payout ratio is currently 14.18%.
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AMAT has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $35.00 price target on shares of Applied Materials in a report on Tuesday, April 25th. B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Applied Materials in a report on Monday, May 15th. Needham & Company LLC boosted their price target on Applied Materials from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Stifel Nicolaus upped their target price on Applied Materials from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $43.34.
Applied Materials Company Profile
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